{"id":2478,"date":"2021-07-27T17:55:00","date_gmt":"2021-07-27T17:55:00","guid":{"rendered":""},"modified":"2025-11-10T15:32:39","modified_gmt":"2025-11-10T10:02:39","slug":"fy21-performance-of-asian-paints","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/fy21-performance-of-asian-paints\/","title":{"rendered":"FY21 Performance Of Asian Paints &#8211; Research &#038; Ranking"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>\n\n\n<\/p>\n<p>In this article, we shall put the spotlight on the performance of Asian Paints Ltd. which is India&#8217;s largest and Asia&#8217;s third-largest paint manufacturing company.<\/p>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<p>Founded in the year 1942, today, the company, along with its subsidiaries, has operations in 22 countries across the world with distribution in 65 countries.<\/p>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<p>Now let\u2019s look at the journey of Asian Paints in the last financial year.<\/p>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<h2 class=\"wp-block-heading\"><strong>FY21 Performance of Asian Paints<\/strong><\/h2>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<p>In FY21, Asian Paints gained 53%, as compared to the benchmark index <a href=\"https:\/\/www.equentis.com\/blog\/understanding-nifty-your-key-to-the-indian-stock-market\/\">Nifty<\/a> which generated a return of 71%. Thus, we can imply that despite generating good returns in FY21, Asian Paints underperformed in comparison with the Nifty.<\/p>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<p><strong>How Asian Paints Fared in FY21<\/strong><\/p>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2025\/11\/mnbvcxztr.png\" alt=\"\" title=\"\"><\/figure>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2025\/11\/poiuyfv.png\" alt=\"\" title=\"\"><\/figure>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/www.equentis.com\/blog\/wp-content\/uploads\/2025\/11\/nb.png\" alt=\"\" title=\"\"><\/figure>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<h2 class=\"wp-block-heading\"><strong>Key positives for<\/strong><strong> Asian Paints in FY21 at a glance:<\/strong><\/h2>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<ul class=\"wp-block-list\">\n\n<p><\/p>\n<li>Company achieved strong growth in tier-2 and -3 markets as well as tier-1 cities in the premium paint\u2019s category.<\/li>\n<p>\n\n<\/p>\n<p>\n\n<\/p>\n<li>Increased penetration in undercoats and waterproofing the retail category.<\/li>\n<p>\n\n<\/p>\n<p>\n\n<\/p>\n<li>Significant growth in its institutional business and from increased construction activity in second half of FY21.<\/li>\n<p>\n\n<\/p>\n<p>\n\n<\/p>\n<li>Gain in market share from the unregulated segment as well as regulated sector (especially in Tamil Nadu) in FY21.<\/li>\n<p>\n\n<\/p><\/ul>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<p>The company\u2019s revenue grew by 7.4% YoY from Rs 20,211 crores in FY20 to Rs 21,712 crores in FY21, whereas the company\u2019s net profits grew by 15% YoY from Rs 2710 crores in FY20 to Rs 3,139 crores in FY21.<\/p>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<p><strong>Future outlook for Asian Paints<\/strong><\/p>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<p>India&#8217;s per capita paint consumption of 3.3kg is among the lowest in the world. Rapid urbanization has led consumers to move up to emulsions from cement paints, lime paints and distempers.<\/p>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<p>Post implementation of GST there has been a steady shift in market from unorganized to organized players. Auxiliary segments such as water-proofing solutions, adhesives, putty, wood finishes, etc. are under-penetrated in the country.&nbsp;<\/p>\n<p>\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<p>With a massive presence across all price points, well-established distribution network and wide variety of offerings in paints, chemicals, adhesives and home d\u00e9cor, <a href=\"https:\/\/www.equentis.com\/blog\/asian-paints-share-price\/\">Asian Paints<\/a> is not only likely to retain its leadership position in the market in the coming years but also chip away the market share of unorganized players in the paint industry.<\/p>\n<p>\n\n\n\n\n<\/p>\n<p>\n\n\n<\/p>\n<p><strong>Read more:&nbsp;<a href=\"https:\/\/www.livemint.com\/brand-post\/research-ranking-s-model-portfolio-clocks-79-gains-11638187095790.html\" target=\"_blank\" rel=\"noreferrer noopener\">About Research and Ranking<\/a><\/strong>.<\/p>\n<p>\n\n\n<\/p>","protected":false},"excerpt":{"rendered":"<p>In this article, we shall put the spotlight on the performance of Asian Paints Ltd. which is India&#8217;s largest and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2479,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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